In the wake of the accounting and finance scandals of the early
2000s, the regulatory environment for businesses changed
dramatically to create more accountability and transparency.
Agencies like the Securities and Exchange Commission (SEC) and the
Public Company Accounting Oversight Board (PCAOB) play a greater
role in enforcing and auditing companies for compliance to
regulations such as the Sarbanes-Oxley Act of 2002. Select an
accounting regulatory or standards agency (e.g. PCAOB, IASB, etc.)
Select a public company that you either currently work for, have
worked for in the past, or one with which you are familiar. Create
a 1,050-word analysis of the regulatory environment: Identify one
or more regulations that would apply to your selected company.
Discuss the ways that compliance with the regulations is beneficial
to the company, industry, and consumers. Examine how the agency you
selected and your selected company work together. Explain the role
of ethics in the regulatory environment. Discuss the ways in which
the regulatory environment would directly affect your role in the
company in either your current role or your desired career with the
organization. Format your assignment consistent with APA
guidelines
Field of study:
